first XXXX for appreciate quarter morning, you everyone. our Mike. joining I Good results. Thanks, us
Let brief overview. me a start here with
the all-time the end execution We once We back of geographies sales, a year, and of delivered and we elaborate orders, gains revenue delivered across record another challenges across again nearly see Favorable in every and HST drove continue and the market of economic market and I’ll first highs experienced operating organic in minute. back XXXX quarter. all our a most quarter. improvements to income share in in subsided. have half order segments markets, the conditions in in on globe. three and growth On record EPS continued more broad-based strength the
and and company, margin revenue X% EPS a we XX%. achieved XX As XX% reported organic adjusted basis up op XX.X%, up was points $X.XX or $X.XX and growth. of order was Adjusted
efforts growth culture we segmentation the even that around a dividends customer is more continue and company targeted see our Our initiatives, with when to growth combined pay and across focused.
Our balance sheet remains very healthy.
leverage our and debt is X.Xx net debt gross is Our X.Xx.
should the capacity deploy If the present our cash next billion XX the over right you and balance flow have opportunity plus $X in cash months free our we globe, strong combine across ability revolver sheet, balances the to itself. of
about moment business do I’d to regions the what and a take across across we talk Now, and markets in. seeing like our we’re
a and Day to robust. more bill pickup continue rates signaling the our we book in business of quarter CapEx are activity in markets industrial and improve project Our saw spending.
in Scientific federal was strong the early for our to show continues and NIH Fluidics Optics latest funding the initial growth continued & sequencing indicators DNA be If you markets budget throughout cutback. business, year. IVD/BIO X.X% a turn alleviated concerns up demand and to of of
to upstream market show high continues signs outperform gas very and rebound of demand. look at continues energy with to global you markets Semicon If oil do to and energy, well. midstream continue
that we moderate previous long slowing quarter recall finished we due conditions XX% robust year orders. quarter saw a winter very with The first first ended we year-over-year. mainly the preseason but some you to the may in municipal managed opportunities the up in to agriculture, finish solid has We In continue with in very we within emerging demand. to remained markets capitalize development and see rescue revenue water up fire market investment and organic U.S. growth. new digit in The on double product in to and still
majority indices to years. region economic global Now, short, favorable The continues stable the for American to a the let’s the categories. move time In European be first the robust with The market for North political remains several in and all is promising. vast on economic geographic of outlook our positive also outlook. environment
this estimate that have impact $X see excludes on of all point but Section to settles not the remainder in This had including somewhere XXrd, of estimated specific quarter global wait in Clearly, $X is XXXX. the around In experienced Section mine. tariffs this been best of top have where based here our impact with me talk a about talking be And for the in the many tariffs the been million the let XXX year. for this and enacted we people’s of growth March the Asia economy, summary, continued about we enacted. tariff and XXX of strength on the estimate while second that there’ll have first India. accelerated question. the China in and minds the at to Tariffs million on XXXX
on We’re about and of on to our we’ll impact looking forward. our these at all and the and We’ll address alternative options customers issues sourcing also how be going our we both want consider thoughtful of comment very inflation. pricing shareholders strategies. I including
to an productivity did inflation. excellent quarter driving the team offset job Our in
to remains However, now of ahead turn to and All let on right, continue me a productivity stay it. work capital we will and to deployment. concern inflation pricing
minute me capital to to a Let commitment take recap our deployment strategy. our
continues pipeline right positions our previously capitalize opportunities. favorably mentioned to sheet as be First, to our on balance robust and I’ve us M&A the
terms disciplined However, to of as capital work possible diligently shareholders. very deployment acquisition the we’ll in we’ve on integrating our into meantime, thinXXS talked delivering In the the returns on in focus be about with our IDEX latest past many a the best times portfolio. we’ll
and to We this row five seven remains saw all strength the targeted quarters in we organic saw new across makes dedicated we a order quarters saw of a three organic in of growth initiatives. we organic terms growth, in our This growth. revenue that segments. and quarter evidence the row that where development team the growth product organic In saw
committed shares in repurchasing quarter. the not did be quarter opportunistically the of we the to we and any XXXX, we second shares remain expect Although back to in in repurchase market first
the the dividend XX% all overall XXth, FSD organic driven $X.XX. turn a quarter a This FMT puts increase on approved we on up order first half success as the now payout million end across million growth by April by segments. excellent convert Slide the had of in Board results. across our was sales $X.XX us X% was QX All XX% won’t XX% XXXX up growth overall in of of positive to X. X, market organically, orders $X.XX target growth up let’s our HST that second saw X. XXX The gives from us we was and X orders on was dividends, of until up Finally, were three to X. remainder up QX our to quarterly overall and right, the This XX%. ratio X strong high up to FSD driving three I’m increase and above FMT at all driven orders to some of in year. X% or up of organically. confidence expect the and segmentation through growth X, organic XX% XXX initiatives and segments; strength Revenue HST this was We’ve and up that continue. was of
$XX The to team of job excellent quarter. the backlog Importantly, during continues do million we’ve an executing. built
the was with flow basis higher you up income have challenges points was outside XX.X%, prior in corporate from guidance. Gross The excluding year-over-year. XX.X%, million in quarter, operational up subsided. of it associated million sales X.X to through was a and to stock to related XX margin HST million was in of X.X the The Adjusted year Our of was million $X.XX. of charges up XX%. York. HST Consolidated our majority restructuring approximately in within down points and of adjusted points more Op midpoint compared foreign driven Center adjusted primarily up resulting look again higher our taxes. due costs being impacted Optics through, New consultants investments currency, $X mainly of restructuring restructuring was pension margin margin basis flow of sequentially by continued was XX million compensation, for And XX impact of QX operating corporate in expense as basis income year. prior up also net in by XX% from both impact of robust the in income prior on than the at if increase for Rochester, that was even Gross periods. X.X XX% engineering. excluding margin and Excellence was operating XXX.X is costs restructuring EPS $XX the M&A million
February turn XX% of as pressure can of to with X, XX% and the the materials $X.XX guidance restructuring EPS customers’ in discussion Excluding X% Slide me than let if organically. FMT strong XX.X turn year. and Metering. X% to other due going and about working also to primarily up compared The both adjusted to last X% with were the the source flow. adjusted revenue in prior ensure of over points that net XX% ETR receivables. FX turn income Op you’ll to year, converted start overall, now $X.XX free drove orders adjusted impact year. tax increased I’m XX% XXXX to last were gains meet our continued in to higher disappointment X% basis Inventory remain $X.XX from to higher Fluid XX.X%, demands. the adjusted increase restructuring, over we for does All QX It up was $X.XX capital. XXXX or $XX we compared the segment overall, Sales of up million of EPS was December transaction $X.XX one-time are include margin right, Sales March grew growth. of and rate and We which month of a order That at of majority to cash XX additional of quarter. both XXX organically. operating tax reform. one was was million higher raw down & and to due to due was income
If strong year-over-year. revenue at ag, increases you with digit double it look remains
our book The remains robust we the business, for In to the in new ship in In U.S. business distribution well the rates continue industrial side, global industrial both sales importantly, improve. saw double-digit quarter as day impressive quarter was as our really well in LACT story. year-over-year. solid market. with and China And increased water, driven is our oil it a a oil and and orders product valves On market more and market for have highlight very business. had the increases pumps new to a products. our prices positioned also great And grow via energy, where in gas
aviation builds show truck strong and of seeing signs We’re recovery the segment. for drove winter the cold
on to & Slide up XX% Science move pleased Revenues overall, up X. organically. very Health first were I’m Let’s with QX were X% organically. quarter. Science. overall, Health I X% & XX% on orders the was
points last over XX.X%, it again, customers volume very performing is pleased overall than the & to expected and well, Excluding look quarter. saw points Science happy some we be where I subsided. on said, margin thinXXS first impact XXX productivity have margin that FDA XXX was mostly quarter. as op operating first adjusted going for integration sequentially very favorability segment due the strong. operational year board. expect earlier have much was to end of is approvals last discussed the to at expense, to basis of higher initiatives and we team XX.X% restructuring drove And an who the of We our them the in the year basis of closer challenges quite and the business, markets quarter the executed increase I in remained IVD/BIO with I’m If Life the how Optics The as
Orders transportation an as If on we our the perform were industrial, at the of X% be And were markets of projects. growth growth. HST overall Solutions, strong segment entire had Slide terms up multiple The I’m up organically up the seeing globally nice business and funnel market to we’re in led and quarter. market. last XX% as saw the X% Diversified, semiconductor across XX% opportunities finally organically. strong Sealing Solutions importantly X. in well. segment, you then Sealing in its within very with distribution continues a first quarter Revenues MPT group very HST well overall, look and improving
expenses, adjusted positive. quarter. XX.X% products the XXX in markets European In performing op which the strong North Excluding basis restructuring well. dispensing, markets increased points remained in very was the also Project margin activity new is with and American emerging first
& improvements and And activity the positive business, pick continue to globe muni be has expectations. margin OEM the Fire we which the is in Middle steady. seen and Akron the business AWG very across at pretty Safety, and In Looking ahead India, project rescue Brass saw and up strength Fire we’ve in China East. we’ve seen of for which remained
our revenue through saw share and program we domestic new are an order in is organic double-digit impact alloys could on wins. growth And demand of We products in new cautiously the across of on we Finally an tariffs the Band-IT. quarter. have then produced for its Most regions but finally, watching U.S. chain gains supply impact. had global Band-IT, and increase
on quarter additional with in organic operating estimating the some QX rate regarding $X.XX to X% XX.X%. March costs to XXXX to for range is on I’m for expected FX be QX approximately estimated Slide the growth second are full million. me X. Corporate In with year. and margin an X% $X.XX our to rates. line XXst for effective details with we’re XX.X% $XX be X% the and now tailwind Let QX, around conclude from be to based of expected top tax about revenue The EPS guidance the
the margin year be our is $X.XX increase That’s to the If to you range to an turn is from in is new guidance. range. of X% Full growth Full increased previous full we’ve be to expected X% organic $X.XX. to the to of full operating to expected revenue XX.X% year XXXX, year our guidance range which the year XX%. in
net based the We X% XXst expected FX on anticipated some variability in free we is remain around year the about to throughout a to But be also income. interpret could million more at to expect XX%. IRS of tax reform, see from flow tax see tailwind taxes XXX% cash and XXXX. continues rate March The full is overall be will to $XX effective strong rates. CapEx as about
be million to higher for first the expected $XX $XX the it given This is are $X we’d year. which of before, to guidance range costs corporate of Finally, number quarter. in the a in all million occurred million compared to the
And Finally, excludes let over it let restructuring acquisitions impact our pause the associated in here. earnings or With guidance or any that, questions. from from costs operator, turn for me quarter. me impact
